Hamburg was host to more than 2000 blockchain enthusiasts at BLOCKCHANCE 2021. They gathered together to share their knowledge and discuss the future of Blockchain.

It became evident that blockchain is not a fad, but a reality, as cryptostars Joseph Lubin and Michael Saylor and Justin Sun and Raoul Pal provided insight, which made it clear that the technology is now firmly established in society and businesses.

BLOCKCHANCE 2021, which attracts over 2,000 people each year, is Europe’s largest Blockchain event.

In 120 talks, six themes stood out:

Future Is Web3, DAOs, and NFTs

Web3 is expanding, driven by the increase in Non-Fungible Tokens or NFTs and the development Decentralised Autonomous Organisations.

“DAO tools will allow democracy to be involved while maintaining effective financial management structures,”
Max Hartmann, BLOCKCHANCE Head of Consulting.

Integration Current systems

The use of decentralized technology such as blockchain to protect liberal democracies is better than attempting to clash with the existing systems. This represents a shift towards a rationally-based approach to how blockchain can be used in different industries.

Blockchain must be made accessible to the general public to help them understand how it can create a sustainable and positive future.
Fabian Friedrich (CEO and Founder BLOCKCHANCE), explains.

BLOCKCHANCE and European universities are establishing BLOCKCHANCEx as a skill-building hub to build a generation of blockchain-savvy students.

Fabian Friedrich says, “We must empower the next generation that will live in an future we cannot imagine.”
For an interconnected future, cross-chain solutions

In 2022, interoperability is a major topic. Cross-chain protocol allows exchange between specific application chains. Web3 is a formidable contender for the top spot. It allows transactions between various blockchain applications, and it’s the most popular smart contract platform. They will be able to continue co-exist and provide a healthy market balance.

2022 – the year for DeFi?

Decentralised Finance, (DeFi), may be making a comeback, despite being hindered by regulatory uncertainty and a lack of trust. AAVE and Compound will be expanding along with innovative projects like Protocol Controlled Value, YFI, and Liquidity as a Service. Further disruption will occur in the financial sector as new concepts help overcome operational and regulatory obstacles.

All NFTs are welcome

NFT trading and integration will grow. Not least because gamers can now own NFTs. The NFT art boom is continuing.

We expect developments in the NFT-infrastructure and competing markets, as well as the aggregation a dispersed crypto space.
Governance and sustainability

Companies will seek to improve transparency and compliance as the regulators begin to focus their attention on blockchain.

NFTs and cryptocurrencies are on the rise. This is also affecting their environment footprint. As investors look for sustainable solutions more and more companies using blockchain are using renewables to tap the excess energy from their producers.

Institutional investors and the general public could find themselves in the same corner of the metaverse sooner if there is better governance and clearer regulation.

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